10 Financial socialization
Past, present, and future
Why is financial education needed anyway?
At its conception in 1995, the Jump$tart Coalition lead an ambitious plan to improve the quality of personal financial education programs throughout the nation’s schools (Jumpstart Coalition, 2015). Many organizations both public and private have made efforts to improve personal finance education since this time. These include the development of curriculum and assessment standards (Beverly & Burkhalter, 2005), funding (Braunstein & Welch, 2002), and state mandates (Grimes et al., 2010; Mandell, 2008). But these efforts have been met with a significant number of challenges, and consequently, the efficacy ...
